Final answer:
Compliance in business involves following rules and regulations to ensure ethical practices and legal adherence.
Explanation:
Compliance refers to following rules and regulations, including governmental regulations, internal policies, and industry standards. It involves adhering to laws to protect security, privacy, and ensure ethical business practices.
Management commitment, systems, procedures, and documentation play a crucial role in compliance monitoring. Non-compliance can lead to penalties and legal actions.
Establishing compliance rules, setting standards, and providing training on legal policies, technical aspects, and ethical behavior are essential elements of maintaining compliance in a business setting.
Learn more about Compliance in Business here:
https://brainly.com/question/8301593
